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From the post:

>U.S. home prices hit another record high in June, even as buyers backed out of deals and stood on the sidelines. This should be the busiest time of year, but the housing market remains frozen in place and sales are down. Last month, sales of existing homes dropped by 2.7 percent from the previous month, while the median home price, at $435,300, hit a record high for the month of June, according to the National Association of Realtors.

From the post: >>U.S. home prices hit another record high in June, even as buyers backed out of deals and stood on the sidelines. This should be the busiest time of year, but the housing market remains frozen in place and sales are down. Last month, sales of existing homes dropped by 2.7 percent from the previous month, while the median home price, at $435,300, hit a record high for the month of June, according to the National Association of Realtors.
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[–] • 0 pt

It's already happening.

People are offering 100k less than asking and the owners are selling. It's only going down hill from here.

We just need to make laws against PE companies buying up most of the property to turn it into rentals for life. That is the actual threat.